Restaurant Opportunity | 6,936 SF — Sale in Milwaukee, WI

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Milwaukee, WI 53203

Description

Unique Bar/Restaurant/Multifamily Opportunity Unlock this unique bar/restaurant/multifamily opportunity at 1009-1011 N. Dr. MLK Jr. Drive in vibrant Milwaukee, Wisconsin. Available for sale or lease, this prime commercial and residential building offers a distinctive blend of historical charm and modern potential in a rapidly developing area. The property features a spacious ground floor ideal for a bustling bar or restaurant, plus three upper-level apartments that provide additional rental income, making this a multifaceted retail/multifamily investment opportunity. Whether you envision a thriving hospitality venue with stylish residential units above or a complete redevelopment to capitalize on Milwaukee’s competitive housing market, this location delivers the perfect foundation for your vision. Address: 1009-1011 N Dr. MLK Jr. Drive (aka Old World 3rd Street), Milwaukee, WI 53203 Building Size: 6,936 SF Total Retail - 1st Floor: 2,312 SF Residential - 2nd & 3rd Floors: 4,624 SF List Price: $1,500,000 Lease Rate: CONTACT BROKER Lot Size: 0.07 Acre Parcel ID: 361-0530-000-4 Zoning: C9G - Mixed Activity Year Built: 1888

Market Context

This retail in Milwaukee, WI is listed for sale at $1,500,000. It has been on the market for 195 days. Compare it against other retail listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee retail market showed a 0.3% vacancy rate, and rents up 3.3% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Milwaukee retail market tightening or softening?
Vacancy is around 0.3%, with asking rents rising year over year (Q1 2026).

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